IShares Core Correlations

AOR Etf

USD 58.55 0.18 0.31%

The current 90-days correlation between iShares Core Growth and iShares Core Moderate is 0.94 (i.e., Almost no diversification). The correlation of IShares Core is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares Core Correlation With Market

Poor diversification

The correlation between iShares Core Growth and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core Growth and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in iShares Core Growth. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with IShares Etf

0.9	GDMA	Alpha Architect Gdsdn	Pair Corr
0.71	TUG	STF Tactical Growth	Pair Corr
0.72	RAAX	VanEck Inflation All	Pair Corr
0.88	OCIO	ClearShares OCIO ETF	Pair Corr
0.78	MFUL	Collaborative Investment	Pair Corr
0.65	INKM	SPDR SSgA Income	Pair Corr
0.61	IDGT	iShares Trust Symbol Change	Pair Corr
0.72	IDU	iShares Utilities ETF	Pair Corr
0.61	HPQ	HP Inc	Pair Corr
0.73	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.82	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.65	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.73	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Moving against IShares Etf

0.45	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.32	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Related Correlations Analysis

	AOM	AOA	AOK	MGC	MILN
AOM		0.75	0.94	0.32	0.19	AOM
AOA	0.75		0.5	0.83	0.72	AOA
AOK	0.94	0.5		0.02	-0.09	AOK
MGC	0.32	0.83	0.02		0.96	MGC
MILN	0.19	0.72	-0.09	0.96		MILN
	AOM	AOA	AOK	MGC	MILN

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MILN	+ 0.96	MGC
AOK	+ 0.94	AOM
MGC	+ 0.83	AOA
AOA	+ 0.75	AOM
MILN	+ 0.72	AOA
AOK	+ 0.5	AOA

High negative correlations

MILN

- 0.09

AOK

IShares Core Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Core ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze IShares Core's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AOM	0.28	(0.03)	(0.29)	0.03	0.33	(0.29)	0.58	(0.70)	1.65
AOA	0.44	(0.04)	(0.15)	0.06	0.52	(0.49)	0.99	(0.78)	2.83
AOK	0.25	(0.03)	(0.41)	0.00	0.27	(0.27)	0.48	(0.53)	1.37
MGC	0.57	(0.01)	(0.03)	0.11	0.71	(0.61)	1.17	(1.51)	4.05
MILN	0.60	0.14	0.14	0.32	0.33	(0.67)	1.46	(1.05)	2.89

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